Double Whammy: Stimulus Stalemate and "2nd Wave" Virus Fears Hit Markets

Carl Quintanilla, Jim Cramer and David Faber discussed a rough morning for stocks As worries about an impasse in the stimulus talks and worries about a coronavirus "2nd Wave" spark a sell-off on Wall Street. They also explored what the negative market sentiment would mean for this year's high-flying stocks including Zoom Media, Peloton and Fastly. Bank earnings also on the front burner, including better-than-expected quarterly results from Morgan Stanley. Carl, Jim and David also reacted to a New York Times report which said private White House briefings on the coronavirus led hedge funds to bet against the market in February. Also, a look back at Jim Cramer's February interview with David Tepper on COVID-19 and the markets. Tepper was mentioned in the NYT story.

Also in focus: Tiffany's preliminary August and September results and what Walmart CEO Doug McMillon told CNBC about the state of the consumer amid the pandemic.

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